Vice President, Institutional Accounting - Delaware

BlackRock • Wilmington, DE

13d • $117,500 - $173,500 • Hybrid

About The Position

About this role The Team: Are you an Alternatives Investment Accounting professional searching for an exciting, significant, multifaceted opportunity with the world's largest asset manager? Do you pride yourself on building positive relationships, developing process solutions and bringing strategic visions to fruition? Look no further. BlackRock is pursuing a Vice President of Alternatives Accounting to become a part of the team. We recognize that strength comes from diversity, and will accept your rare skills, eagerness, and passion while giving you freedom to grow authoritatively and as an individual. At BlackRock, we strive to empower our employees and optimally engage your involvement in our success. Our technology and services empower millions of investors to save for retirement, pay for college, buy a home and improve their financial well-being. Join the team and experience what it feels like to be part of an organization that makes a difference. The Investment Accounting Group provides accounting and regulatory data services to insurance clients. Our Accounting Services include the reconciliation, tracking, accounting for assets, along with preparation and oversight of monthly accounting packages and regulatory schedules. The Role: Responsibilities include the following activities: Handling all aspects of accounting and reporting services and meeting the needs and evolving priorities of our clients. You will focus on developing investment process solutions for Alternatives, improving the process and controls using capabilities of other parts of the BlackRock organization as required. This role is on the forefront of accounting policy changes relating to alternative assets and ensuring accurate implementation across all clients. Team members will have the opportunity for continued professional development with a career path within the group, or into other operating teams or client-facing business areas across BlackRock. Our suite of services provided to our clients offers opportunities for personal learning, in terms of the product types and accounting complexities, as well as an ongoing development of technical strengths.

Requirements

• Minimum 6 years of proven experience in investments/markets and understanding of Alternative Investment accounting
• Understanding of Alts product mechanics, requirements, including Equity Method of Accounting for Partnerships/Joint Ventures held as investments
• Knowledge of insurance companies, including the regulatory and accounting constraints and standards under which they operate
• Continuous operational improvement and control enhancement demeanor
• Familiarity with product-specific financial reporting and disclosures

Responsibilities

• Handling all aspects of accounting and reporting services and meeting the needs and evolving priorities of our clients.
• Developing investment process solutions for Alternatives, improving the process and controls using capabilities of other parts of the BlackRock organization as required.
• Staying ahead of and successfully communicating the implications of an evolving regulatory landscape, including new accounting pronouncements, across multiple bases of accounting (i.e., IFRS, US Statutory, US GAAP, etc.)
• Responsible for improving and leading Alternatives investment reporting for clients and prospects, informing and handling the implementation of client mandates with effective planning and use of resources
• Supporting business growth within the insurance sector by working in partnership with other BlackRock teams
• Acting as a subject matter specialist for all Alternative investment types as it relates to setup and processing in compliance with accounting guidelines.
• Ensuring consistent process and control across client base
• Representing Alternatives accounting on cross-functional projects and working groups in support of key business and client objectives
• Assisting in the continual improvement of the investment reporting and control processes to improve efficiency, mitigate risk and incorporate business and product changes, ensuring procedures are in line with all current practices
• Providing expert-level support for clients on alternatives-related matters and suggest potential improvements
• Conducting periodic training with the Investment Accounting Team on new Alternative investment strategies, product types, and accounting changes

Benefits

• employees are eligible for an annual discretionary bonus, and benefits including healthcare, leave benefits, and retirement benefits
• strong retirement plan
• tuition reimbursement
• comprehensive healthcare
• support for working parents
• Flexible Time Off (FTO)

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed